S&P 500   5,137.08
DOW   39,087.38
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Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
Critical asset just had biggest fall on record (Ad)
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
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Critical asset just had biggest fall on record (Ad)
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This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
California authorizes expansion of Waymo's driverless car services to LA, SF peninsula
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
Critical asset just had biggest fall on record (Ad)
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
Peace, music and memories: As the 1960s fade, historians scramble to capture Woodstock's voices
Critical asset just had biggest fall on record (Ad)
Sports analytics may be outnumbered when it comes to artificial intelligence
In Senegal's capital, Nicaragua is a hot ticket among travel agents as migrants try to reach US
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
California authorizes expansion of Waymo's driverless car services to LA, SF peninsula
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
Critical asset just had biggest fall on record (Ad)
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
Peace, music and memories: As the 1960s fade, historians scramble to capture Woodstock's voices
Critical asset just had biggest fall on record (Ad)
Sports analytics may be outnumbered when it comes to artificial intelligence
In Senegal's capital, Nicaragua is a hot ticket among travel agents as migrants try to reach US
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
California authorizes expansion of Waymo's driverless car services to LA, SF peninsula
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
Critical asset just had biggest fall on record (Ad)
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
Peace, music and memories: As the 1960s fade, historians scramble to capture Woodstock's voices
Critical asset just had biggest fall on record (Ad)
Sports analytics may be outnumbered when it comes to artificial intelligence
In Senegal's capital, Nicaragua is a hot ticket among travel agents as migrants try to reach US
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
California authorizes expansion of Waymo's driverless car services to LA, SF peninsula
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
NYSE:CWT

California Water Service Group (CWT) Stock Price, News & Analysis

$45.53
-0.36 (-0.78%)
(As of 03/1/2024 ET)
Today's Range
$44.93
$45.90
50-Day Range
$45.09
$52.55
52-Week Range
$44.83
$61.59
Volume
266,728 shs
Average Volume
312,954 shs
Market Capitalization
$2.63 billion
P/E Ratio
51.16
Dividend Yield
2.46%
Price Target
$55.00

California Water Service Group MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
20.8% Upside
$55.00 Price Target
Short Interest
Healthy
1.46% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
+0.43
Upright™ Environmental Score
News Sentiment
-0.14mentions of California Water Service Group in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$93,947 Sold Last Quarter
Proj. Earnings Growth
5.33%
From $2.25 to $2.37 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.44 out of 5 stars

Utilities Sector

8th out of 90 stocks

Water Supply Industry

2nd out of 12 stocks


CWT stock logo

About California Water Service Group Stock (NYSE:CWT)

California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, Hawaii, and Texas. The company is involved in the production, purchase, storage, treatment, testing, distribution, and sale of water for domestic, industrial, public, and irrigation uses, as well as for fire protection services. It offers its services to approximately 496,400 customer connections in 100 California communities; approximately 6,200 water and wastewater customer connections on the islands of Maui, Oahu, and Hawaii; approximately 37,500 customer connections in the Tacoma, Olympia, Graham, Spanaway, Puyallup, Rainier, Yelm, and Gig Harbor areas; and approximately 10,700 water and wastewater customer connections in the Belen, Los Lunas, Indian Hills, and Elephant Butte areas in New Mexico. The company also engages in the provision of non-regulated water-related services, including operating of municipally owned water systems, privately owned water, and recycled water distribution systems; water system operation, meter reading, and billing services to private companies and municipalities; leasing of communication antenna sites on its properties to telecommunication companies; and billing of optional third-party insurance programs to its residential customers. In addition, it provides lab, wastewater collection, and treatment services. California Water Service Group was founded in 1926 and is headquartered in San Jose, California.

CWT Stock Price History

CWT Stock News Headlines

Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Q4 2023 California Water Service Group Earnings Call
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
California Water Servs Gr Earnings Preview
CWT Mar 2024 50.000 put
See More Headlines
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Company Calendar

Ex-Dividend for 2/23 Dividend
2/09/2024
Dividend Payable
2/23/2024
Last Earnings
2/29/2024
Today
3/02/2024
Next Earnings (Estimated)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Water supply
Sub-Industry
Water Utilities
CUSIP
13078810
Employees
1,225
Year Founded
1926

Price Target and Rating

Average Stock Price Target
$55.00
High Stock Price Target
$66.00
Low Stock Price Target
$47.00
Potential Upside/Downside
+20.7%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
4 Analysts

Profitability

Net Income
$96.01 million
Pretax Margin
7.52%

Debt

Sales & Book Value

Annual Sales
$794.63 million
Cash Flow
$2.98 per share
Book Value
$24.78 per share

Miscellaneous

Free Float
57,203,000
Market Cap
$2.63 billion
Optionable
Optionable
Beta
0.49
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Key Executives















CWT Stock Analysis - Frequently Asked Questions

Should I buy or sell California Water Service Group stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for California Water Service Group in the last year. There are currently 2 sell ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" CWT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CWT, but not buy additional shares or sell existing shares.
View CWT analyst ratings
or view top-rated stocks.

What is California Water Service Group's stock price target for 2024?

4 equities research analysts have issued 1-year target prices for California Water Service Group's shares. Their CWT share price targets range from $47.00 to $66.00. On average, they predict the company's share price to reach $55.00 in the next twelve months. This suggests a possible upside of 20.8% from the stock's current price.
View analysts price targets for CWT
or view top-rated stocks among Wall Street analysts.

How have CWT shares performed in 2024?

California Water Service Group's stock was trading at $51.87 at the beginning of the year. Since then, CWT stock has decreased by 12.2% and is now trading at $45.53.
View the best growth stocks for 2024 here
.

Are investors shorting California Water Service Group?

California Water Service Group saw a increase in short interest in January. As of January 31st, there was short interest totaling 820,900 shares, an increase of 34.2% from the January 15th total of 611,800 shares. Based on an average daily trading volume, of 277,800 shares, the short-interest ratio is presently 3.0 days.
View California Water Service Group's Short Interest
.

When is California Water Service Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our CWT earnings forecast
.

How were California Water Service Group's earnings last quarter?

California Water Service Group (NYSE:CWT) released its earnings results on Thursday, February, 29th. The utilities provider reported $0.52 EPS for the quarter, missing the consensus estimate of $1.50 by $0.98. The utilities provider earned $214.50 million during the quarter, compared to the consensus estimate of $269.41 million. California Water Service Group had a trailing twelve-month return on equity of 3.75% and a net margin of 6.53%. California Water Service Group's revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.35 EPS.

How often does California Water Service Group pay dividends? What is the dividend yield for California Water Service Group?

California Water Service Group announced a quarterly dividend on Thursday, January 25th. Shareholders of record on Monday, February 12th will be paid a dividend of $1.12 per share on Friday, February 23rd. This represents a $4.48 dividend on an annualized basis and a dividend yield of 9.84%. The ex-dividend date is Friday, February 9th. This is a boost from the stock's previous quarterly dividend of $0.26.
Read our dividend analysis for CWT
.

Is California Water Service Group a good dividend stock?

California Water Service Group (NYSE:CWT) pays an annual dividend of $1.12 per share and currently has a dividend yield of 2.44%. The company has been increasing its dividend for 57 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 125.84%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, CWT will have a dividend payout ratio of 47.26% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CWT.

What is Martin Kropelnicki's approval rating as California Water Service Group's CEO?

14 employees have rated California Water Service Group Chief Executive Officer Martin Kropelnicki on Glassdoor.com. Martin Kropelnicki has an approval rating of 100% among the company's employees. This puts Martin Kropelnicki in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of California Water Service Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other California Water Service Group investors own include (NCIT) (NCIT), Ford Motor (F), SJW Group (SJW), American States Water (AWR), Alibaba Group (BABA), Pfizer (PFE), Consolidated Edison (ED), Enterprise Products Partners (EPD), General Electric (GE) and McDonald's (MCD).

Who are California Water Service Group's major shareholders?

California Water Service Group's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (12.07%), Nuance Investments LLC (3.71%), Dimensional Fund Advisors LP (2.16%), Northern Trust Corp (1.67%), KBC Group NV (1.13%) and First Trust Advisors LP (1.08%). Insiders that own company stock include David B Healey, Elissa Y Ouyang, Gerald A Simon, Lester A Snow, Lynne P Mcghee, Michael B Luu, Michelle R Mortensen, Robert J Kuta, Terry Bayer and Thomas M Krummel.
View institutional ownership trends
.

How do I buy shares of California Water Service Group?

Shares of CWT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:CWT) was last updated on 3/2/2024 by MarketBeat.com Staff